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Written by elijah001 » Updated on: May 09th, 2024
The latest report by IMARC, titled "Fumaric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of Fumaric Acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Fumaric Acid Prices December 2023
Report Offering:
The study delves into the factors affecting Fumaric Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Fumaric Acid Price Trend- Q4 2023
Fumaric acid, a key ingredient in various industries, is witnessing significant market growth driven by a confluence of factors. Its role as a food additive, enhancing flavor and extending shelf life, particularly in beverages, baked goods, and confectionery products, underpins its demand in the food and beverage sector. This demand is further bolstered by the global shift towards healthier food options, where fumaric acid serves as a substitute for synthetic acids, aligning with consumer preferences for natural ingredients. In the realm of pharmaceuticals, fumaric acid's application in producing medicinal products, including its use as an excipient and in dermatological treatments, contributing to its market expansion. The rising prevalence of chronic diseases and the development in healthcare sectors worldwide elevate the need for pharmaceutical ingredients, thereby propelling the demand for fumaric acid. Additionally, the burgeoning cosmetic industry utilizes fumaric acid for its pH-adjusting and skin-conditioning properties. As consumers increasingly seek products with multifunctional benefits, including anti-aging and moisturizing effects, the cosmetic application of fumaric acid is set to grow. The compound's utility in the production of resins and paints, especially in water-soluble types, aligns with the growing environmental concerns and regulations pushing for more sustainable and eco-friendly products. This regulatory push, coupled with the innovations in green chemistry, positions Fumaric Acid as a pivotal component in manufacturing sectors, further driving its market growth.
The global fumaric acid market size reached US$ 775.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1134.5 Million, at a projected CAGR of 4.20% during 2023-2032. In the last quarter of 2023, the Fumaric Acid market across North America, the Asia Pacific (APAC), and Europe witnessed fluctuations influenced by a complex interplay of demand-supply dynamics, raw material costs, and logistical challenges. In North America, particularly the United States, the market showcased a fluctuating trajectory, initially marked by an upward trend attributed to heightened demand from the Asian market and increased investment expenditures. This demand was coupled with escalating input costs, notably in energy and raw materials, which significantly contributed to the price surge. Additionally, logistical hurdles such as port congestion and container shortages further exacerbated the situation, leading to increased transportation costs and extended delivery times. However, as the quarter progressed, an ample supply and inventory levels began to meet the growing demand, causing a downward price adjustment before rebounding slightly in December. The influence of China's pricing strategies on the North American market underscores the global interconnectedness of the Fumaric Acid market, reflecting how shifts in one region can ripple across to others, impacting overall pricing structures and market dynamics.
In the APAC region, with a specific focus on China, the market dynamics were shaped by a significant increase in demand, which led to an uptick in prices. This was partly due to economic challenges faced post the Golden Week holiday, driving a surge in prices fueled by consumer and corporate demand. A decrease in production capacity among Maleic anhydride manufacturers, a key raw material for Fumaric Acid, resulted in tight supplies and constrained inventories. Despite a moderate to high supply as the quarter ended, merchants and local suppliers found themselves with excess stock, discouraging bulk purchases. In Europe, the scenario was somewhat similar, with demand surges leading to inventory replenishments. However, a unique situation unfolded in Germany, where a shortage of Fumaric Acid and a weakened economy contributed to temporary supply constraints and price elevations. This highlighted Germany's pivotal role in the European Fumaric Acid market as a major importer, experiencing a pronounced impact on prices. The anticipation of increased demand towards the quarter's end led to stock accumulations, which, combined with a subsequent decline in demand from end-user sectors, slightly eased prices. Across these regions, the last quarter of 2023 for the Fumaric Acid market was a testament to the myriad factors influencing prices, from raw material availability and production capacity to economic indicators and logistical challenges, each weaving into the broader tapestry of global market trend.
Browse Full Report: https://www.imarcgroup.com/fumaric-acid-pricing-report
Key Points Covered in the Fumaric Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
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